Industry Updates

APRA releases FY23 expense data for super funds

The prudential regulator has release fund-level expenditure data for superannuation funds, including investment-related expenses, as well as administration and other expenditure, such as advertising, sponsorship and payments to industrial bodies. 

AMP makes senior hires in super and investment team

AMP has made two senior appointments to its super and investment team, reporting to group executive of the division Melinda Howes.

NZ Super appoints co-CIOs

Kiwi sovereign NZ Super has appointed two joint chief investment officers following the departure of previous CIO Stephen Gilmore who joined CalPERS earlier this year.

REST appoints interim chief investment officers

REST has appointed two interim chief investment officers following the announcement that Andrew Lill, its CIO for the last five years, will depart the fund in November.

Super funds on pace for a strong CY24

Super funds had a strong September with the median growth fund (61 to 80% in growth assets) up 1.2 per cent for the month, according to Chant West.

ASIC makes dual appointments to executive leadership team

ASIC has made two appointments to its executive leadership team, covering its regulation and supervision, and enforcement and compliance divisions. The regulator announced that following an international search, Peter Soros has been appointed executive director regulation and supervision. Soros will join ASIC from the Australian Transaction Reports and Analysis Centre (AUSTRAC), Australia’s financial intelligence and

AustralianSuper makes first US data centre investment

AustralianSuper has made its first investment in the US data centre market, injecting $2.2 billion in DataBank alongside the company’s existing investor DigitalBridge.

Housing Australia, ART invest with Queensland government in new homes

Housing Australia and super fund Australian Retirement Trust will invest in the delivery of 604 new affordable and social housing across South East Queensland, with the support from state government.

Iress announces executive re-shuffle

Iress has announced several changes to its executive team, including the departure of an Xplan co-founder. 

AustralianSuper names head of Americas alongside other new hires

AustralianSuper has appointed Mikaël Limpalaër as its head of Americas, alongside a slew of other new hires in the US office.

HESTA appoints general manager of compliance

Health industry super fund HESTA has appointed Tim Pietsch as general manager of compliance.  

REST names employer-nominated board director

Super fund REST has appointed Inese Kingsmill to its board of directors, replacing Sally Evans who retired in July 2024. 

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